Just Group tightens 50bp for green T2 debut

By Tyler Davies
08 Oct 2020

Just Group was met with strong demand for a green tier two in the sterling market on Thursday, allowing it to set a coupon of 7% versus initial price thoughts in the 7.5% area.

The UK insurance company attracted £1bn ($1.29bn) of orders for its 10.5 year non-call five deal, which had its size fixed at £250m from the outset. 

Bookrunners HSBC, JP Morgan and Morgan Stanley had started by offering pricing in the 7.5% area. But the impressive demand allowed ...

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